MiTRADE Broker Overview
MiTRADE is the trading brand of a group of Mitrade companies that offer contracts for difference (CFDs) on forex, commodities, cryptocurrencies, shares, indices and ETFs through MiTRADE's own web, desktop and mobile platform. Its Australian company, Mitrade Global Pty Ltd, was incorporated in January 2011 and holds ASIC licence 398528, and clients in the EEA are served by Mitrade EU Limited, licensed in Cyprus by CySEC under 438/23, through www.mitrade.eu; both licences were confirmed on the regulators' registers on 22 October 2026. Mitrade companies in South Africa, Mauritius and the Cayman Islands onboard clients in most other countries. On the EU site, trading is commission-free, the minimum deposit is 50 EUR and retail leverage is capped at 1:30.
MiTRADE Regulation and License
Six Mitrade companies hold licences from financial regulators. Their status as of 22 October 2026:
- Mitrade Global Pty Ltd, Australia: Australian financial services licence 398528 from the Australian Securities and Investments Commission (ASIC), effective since 16 June 2011 and listed as current on ASIC's register. Its conditions allow it to deal in and make a market in derivatives and foreign exchange contracts for retail and wholesale clients, and to give general advice to retail clients.
- Mitrade EU Limited, Cyprus: Cyprus Investment Firm licence 438/23 from the Cyprus Securities and Exchange Commission (CySEC), effective since 9 October 2023 and listed as active, for reception and transmission of orders, execution of orders on behalf of clients and dealing on own account, with cross-border services in 26 European states. CySEC's list of approved domains names www.mitrade.eu for the firm, not www.mitrade.com.
- Mitrade Markets (Pty) Ltd, South Africa: authorised financial services provider 54842 with the Financial Sector Conduct Authority (FSCA), effective since 30 June 2025. The company is not on the FSCA's list of approved OTC derivative providers under the Mitrade name, and its public entry does not show which products it may offer.
- Mitrade International Ltd, Mauritius: listed on the register of the Financial Services Commission (FSC) of Mauritius as an Investment Dealer (Full Service Dealer excluding Underwriting), with a licence dated 14 October 2020. The register gives no licence numbers, so the reference GB20025791 comes from MiTRADE's own site.
- Mitrade Holding Ltd, Cayman Islands: Securities Investment Business licence 1612446 from the Cayman Islands Monetary Authority (CIMA), named in CIMA's published list of licensees dated 31 October 2022, with no CIMA action against it found.
- Mitrade Financial Services LLC, United Arab Emirates: licence 20200000397 from the Securities and Commodities Authority (SCA), which MiTRADE's site lists as a CMA licence. It is active but limited to introduction and promotion, and is not a trading licence.
Is MiTRADE Regulated?
Yes, but the regulator that covers an account depends on the Mitrade company that opens it. MiTRADE's sign-up form assigns clients in Australia to Mitrade Global Pty Ltd (ASIC); the EEA apart from Belgium, plus Liechtenstein and Norway, to Mitrade EU Limited (CySEC); Brazil, India and the UAE to Mitrade International Ltd (FSC Mauritius); Indonesia, Malaysia, Mexico, the Philippines, South Korea, Taiwan, Thailand and Vietnam to Mitrade Holding Ltd (CIMA); and most other countries to Mitrade Markets (Pty) Ltd (FSCA). Clients outside Australia and the EEA are therefore not covered by ASIC or CySEC. MiTRADE does not accept clients from the United States, the United Kingdom or Belgium.
Mitrade Global Pty Ltd and Mitrade EU Limited
Mitrade Global Pty Ltd is listed on the ASIC company register under ACN 149 011 361, incorporated on 28 January 2011, with its principal place of business at Level 11, 350 Collins Street, Melbourne. ASIC's licence record shows six earlier names for the company, the last of them IGLOBAL PTY LIMITED, used until 10 October 2018. Mitrade EU Limited, registered in Cyprus under HE 420923, runs MiTRADE's EU site from 79 Spyrou Kyprianou Ave., MGO Protopapas Building, 1st Floor, 3076 Limassol. Unless another Mitrade company is named, the account, fee and funding terms below are the ones Mitrade EU Limited publishes for clients in the EEA; MiTRADE's other companies set their own terms.
Is MiTRADE Safe?
How safe MiTRADE is depends on the Mitrade company and the contract behind an account: its Australian and EU companies are licensed by ASIC and CySEC, but CFDs carry a high risk of loss, and the EU site warns that 83% of retail investor accounts lose money when trading CFDs with this provider. Mitrade EU Limited keeps client money in segregated accounts at EEA credit institutions, pooled in omnibus accounts that its client agreement says may be used to meet Mitrade's obligations towards other clients. Its retail clients have negative balance protection and Investor Compensation Fund cover of up to 20,000 EUR for eligible claims, which never covers trading losses; elective professional clients lose that cover and may lose negative balance protection. Mitrade EU Limited acts as principal, the counterparty to every client trade, and may treat as void, and withhold, profits it links to market abuse or prohibited trading practices.
Mitrade Holding Ltd's client agreement (September 2026) goes further. It gives Mitrade absolute discretion to cancel past transactions and recover previous profits if it suspects a client of unauthorised activity, of scalping, which it describes as including frequent opening and closing of trades within 5 minutes, or of short selling, among other things, and it lists trading through a VPN or from a virtual private server as unauthorised activity. It treats a formal complaint to an external dispute resolution body as an event of default that lets Mitrade terminate the agreement and close positions, and it states that Mitrade owes clients no duty of good faith.
MiTRADE Account Types
On the EU site, MiTRADE offers two personal live accounts held in EUR: Standard, for retail clients, and Professional, for clients who qualify as elective professionals. It offers no corporate or joint accounts. To qualify as professional, a client must meet two of three tests: on average 10 significant trades per quarter over the previous four quarters, a portfolio above 500,000 EUR, or at least a year in a relevant role in the financial sector. A demo account comes with 50,000 EUR in virtual funds and stays open for 90 days unless a live account is opened.
MiTRADE Spreads, Commissions and Fees
MiTRADE is commission-free: Mitrade EU Limited's client agreement says the spread is the only trading cost when a position is opened or closed, spreads are variable, and positions held past 5:00 pm New York time pay an overnight fee. The EU site charges no deposit or withdrawal fees, although banks and payment providers may charge their own. Mitrade Global Pty Ltd's client agreement (August 2026) does charge for withdrawals beyond a monthly free allowance: clients in Australia get four free withdrawals a month and then pay AUD 5 for each further one, and clients elsewhere get one, or two once they have deposited more than USD 10,000, and then pay USD 5 for each further one.
The rules on inactive accounts differ too. The EU help centre's charges page mentions a fee of up to USD 10 per 30 days once an account has been unused for more than 180 days, while Mitrade EU Limited's client agreement says it charges no inactivity fee. Mitrade Holding Ltd's client agreement allows a dormancy fee of USD 10 a month once an account has had no trading activity or open positions for more than six months, deducted until the balance reaches zero or the account is used again.
MiTRADE Leverage
On the EU site, Mitrade EU Limited limits retail clients to leverage of between 1:30 and 1:2, depending on the underlying asset. Elective professional clients are not bound by those retail limits, and no figure is published for them. MiTRADE's 1:200 maximum leverage applies to its offering outside the EEA.
MiTRADE Trading Platforms
MiTRADE offers only its own platform, and the EU site names no MetaTrader, cTrader or TradingView platform. The EU versions are a WebTrader in the browser, desktop apps for Windows and macOS, and apps for iPhone/iPad and Android, with indicators including MACD, KDJ, RSI, TRIX, DMA and CCI, price alerts, split charts across timeframes, in-app news and stop-loss orders. The minimum trade size is 0.01 lot.
MiTRADE Deposits and Withdrawals
The EU site accepts Visa and Mastercard cards, bank transfers, SEPA and SWIFT wire transfers, Skrill, Neteller and Pay by Bank App, and also shows Apple Pay and Google Pay among its payment methods. The minimum deposit and the minimum withdrawal are both 50 EUR. The 50 USD minimum applies to the offering outside the EEA. Most deposits are credited within minutes, while wire transfers and Pay by Bank App can take a few business days. The EU help centre says withdrawal requests are processed within 24 hours and Mitrade EU Limited's client agreement commits to the same or the next business day, while Mitrade Holding Ltd's client agreement allows one to three business days, with further delays possible during a security review. The money then takes up to 5 business days to reach a card (up to 10 at some banks), up to 5 to reach a bank account and 2 to 3 to reach an e-wallet. Payments must come from an account in the client's own name, and withdrawals return to the methods used to deposit, cards first up to the amount deposited with them.
MiTRADE Support
The EU site offers 24/5 customer support by live chat and by email at cs.eu@mitrade.com. Its contact page lists business@mitrade.com for business collaboration and gives no phone number.
MiTRADE Pros and Cons
Pros:
- ASIC and CySEC licences for the Australian and EU companies, confirmed on the regulators' registers in October 2026
- Commission-free trading, and no deposit or withdrawal fees on the EU site
- A 50 EUR minimum deposit on the EU site
- Negative balance protection and Investor Compensation Fund cover for EU retail clients
Cons:
- Clients outside Australia and the EEA deal with companies licensed in South Africa, Mauritius or the Cayman Islands, and the South African company is not on the FSCA's list of approved OTC derivative providers under the Mitrade name
- Mitrade Holding Ltd's client agreement allows it to cancel past transactions and recover profits on suspicion of scalping or short selling, and treats an external complaint as an event of default
- Withdrawal fees beyond a monthly free allowance under Mitrade Global Pty Ltd's client agreement, and conflicting statements about inactivity and dormancy fees
- Only MiTRADE's own platform; the EU site names no MetaTrader or cTrader
- Not available in the United States, the United Kingdom or Belgium
- The EU risk warning says 83% of retail investor accounts lose money with this provider
MiTRADE Review and Assessment
MiTRADE is a multi-entity CFD broker with commission-free pricing and its own platform, whose Australian and EU companies are licensed by ASIC and CySEC. The most important point before opening or funding an account is which Mitrade company will hold it, because that decides the regulator, the client protections, the fees and the contract, and the Cayman Islands company's agreement gives Mitrade particularly wide discretion over trades and profits.
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